This guide provides a step-by-step process for selling Tether (USDT) on the OKX cryptocurrency exchange platform. Whether you're a beginner or an experienced trader, follow these instructions to execute your transactions securely and efficiently.
Step-by-Step Guide to Selling USDT on OKX
Step 1: Log In to Your Account
- Visit the official OKX website.
- Enter your credentials to log in. If you don’t have an account, complete the registration and identity verification process first.
👉 Create an OKX account today to start trading USDT!
Step 2: Deposit USDT into Your Wallet
- Navigate to the "Assets" or "Deposit" section.
- Select USDT as the deposit currency.
- Copy the provided USDT wallet address or scan the QR code.
- Transfer USDT from your external wallet to OKX. Wait for blockchain confirmations (usually 2-10 minutes).
Step 3: Sell USDT
- Go to the "Trade" section and choose your preferred trading pair (e.g., USDT/USD, USDT/BTC).
- Select Sell USDT and enter the amount you wish to sell.
- Set a limit order (specific price) or market order (current best price).
Step 4: Confirm & Execute Trade
- Review the transaction details, including fees and total estimated proceeds.
- Click Confirm Sell to submit the order.
Step 5: Withdraw Funds
- After the sale, your balance will reflect the proceeds in the chosen currency (e.g., USD, BTC).
- Withdraw funds to your bank account or external wallet via the "Withdraw" page.
Key Considerations When Selling USDT
- Market Liquidity: High-liquidity pairs (e.g., USDT/USD) ensure faster trades.
- Fees: OKX charges a 0.1% spot trading fee; discounts apply for OKB token holders.
- Security: Enable two-factor authentication (2FA) for account protection.
FAQs
Q1: How long does a USDT sale take on OKX?
A1: Transactions are instant for market orders. Limit orders execute when the price reaches your specified level.
Q2: What’s the minimum USDT amount I can sell?
A2: The minimum varies by trading pair (e.g., 10 USDT for USDT/USD).
Q3: Are there withdrawal limits after selling USDT?
A3: Yes. OKX imposes daily withdrawal limits based on your verification level. Higher tiers require KYC documentation.
👉 Learn more about OKX trading limits here!
Summary
Selling USDT on OKX involves depositing USDT, selecting a trading pair, executing the sale, and withdrawing proceeds. Always monitor market conditions and review fees before trading. For further assistance, consult OKX’s 24/7 customer support.